China Sees Total Tax Revenue Rising 13% in
2002

Updated Dec. 26, 2002 1:57 a.m. ET

China expects total tax revenues to increase 13% on year to 1.7 trillion yuan ($205.3 billion in 2002, the official Xinhua News Agency reported. The expected total represents an increase of 200 billion yuan over total 2001 tax revenues, the report said, citing State Administration of Taxation Director Jin Renqing. Xinhua said late Wednesday the proportion of total tax revenues as a contribution to China's gross domestic product will rise six percentage points from 1997 levels to 17% in 2002. Tax revenues collected by all levels of China's government rose 13.6% on year to 1.55 trillion yuan in the first eleven months...